Question

A markdown that is less than 1%

Answer 1

A 1% markdown of $18 would be 0.99($18), or $17.82.

A markdown of less than 1% would be less.  For example, a markdown of 0.75% would come out to be (1-0.0075)($18) = $17.87 (not as great a savings as $17.82).

Answer 2

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